SPDR MSCI Correlations

Etfs . USA . 
Etf . SPDR MSCI Emerging
QEMM Etf  USD 74.62  0.56  0.74%   
The current 90-days correlation between SPDR MSCI Emerging and First Trust RiverFront is 0.92 (i.e., Almost no diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR MSCI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR MSCI Emerging moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SPDR MSCI Correlation With Market

Very poor diversification

The correlation between SPDR MSCI Emerging and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SPDR MSCI Emerging and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with SPDR Etf
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in SPDR MSCI Emerging. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with SPDR Etf

  0.99VWO Vanguard FTSE EmergingPairCorr
  1.0IEMG iShares Core MSCI Aggressive PushPairCorr
  0.99EMC Global X FundsPairCorr
  1.0EEM iShares MSCI Emerging Aggressive PushPairCorr
  0.99SPEM SPDR Portfolio EmergingPairCorr
  0.99FNDE Schwab FundamentalPairCorr
  0.99ESGE iShares ESG AwarePairCorr
  0.98SFGRX Seafarer OverseasPairCorr
  0.99DGS WisdomTree EmergingPairCorr
  0.99XSOE WisdomTree EmergingPairCorr
  0.82SHLD Global X DefensePairCorr
  0.8LUX Tema GlobalPairCorr
  0.73FB ProShares Trust ProSharesPairCorr
  0.92SWP SWP Growth IncomePairCorr
  0.85FNGD MicroSectors FANG Index Potential GrowthPairCorr
  0.8CALY Callaway Golf Symbol ChangePairCorr
  0.94DXJ WisdomTree Japan HedgedPairCorr
  0.95SPDV AAM SP 500PairCorr
  0.99UEVM VictoryShares EmergingPairCorr
  0.95FTCS First Trust CapitalPairCorr
  0.95JEPI JPMorgan Equity PremiumPairCorr
  0.95DFE WisdomTree EuropePairCorr
  0.92AUMI Themes Gold MinersPairCorr
  0.75UAUG Innovator Equity UltraPairCorr
  0.92ERET iShares EnvironmentallyPairCorr
  0.97ESGD iShares ESG AwarePairCorr
  0.69GOCT FT Cboe VestPairCorr
  0.88KNGZ First Trust ExchangePairCorr
  0.9ETHO Amplify Etho ClimatePairCorr
  0.99CCNR CoreCommodity NaturalPairCorr
  0.96GCAL Goldman Sachs ETFPairCorr
  0.93HIYS Invesco High Yield Symbol ChangePairCorr
  0.84GPGCX Grandeur Peak GlobalPairCorr
  0.9IJS iShares SP SmallPairCorr
  0.84IGEB iShares Edge InvestmentPairCorr
  0.99DVYE iShares Emerging MarketsPairCorr

Moving against SPDR Etf

  0.71HUM Humana IncPairCorr
  0.47IND Xtrackers Nifty 500PairCorr
  0.69ENTR EntrepreneurSharesPairCorr

Related Correlations Analysis


SPDR MSCI Constituents Risk-Adjusted Indicators

There is a big difference between SPDR Etf performing well and SPDR MSCI ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze SPDR MSCI's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ROAM  0.52  0.21  0.20  0.59  0.19 
(0.65)
 1.59 
(0.70)
 3.66 
MEM  0.76  0.21  0.17  0.43  0.58 
(0.85)
 2.37 
(1.28)
 5.83 
ENOR  0.75  0.30  0.34  0.57  0.00 
(0.92)
 2.36 
(0.95)
 5.91 
FLLA  1.01  0.34  0.15  33.49  1.13 
(1.12)
 2.16 
(2.42)
 6.75 
EWUS  0.70  0.16  0.16  0.30  0.58 
(0.81)
 2.02 
(1.19)
 4.55 
INEQ  0.47  0.21  0.29  0.61  0.00 
(0.59)
 1.26 
(0.71)
 2.70 
JDVI  0.66  0.29  0.16 (1.07) 0.59 
(0.75)
 1.63 
(1.09)
 4.14 
EMCR  0.70  0.17  0.16  0.36  0.44 
(0.82)
 1.67 
(1.15)
 4.16 
AVMA  0.39  0.09  0.09  0.27  0.00 
(0.48)
 0.93 
(0.67)
 2.47 
RFEM  0.65  0.17  0.19  0.42  0.22 
(0.81)
 1.68 
(0.88)
 3.02 

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